Jun 2026 (Q2 FY26) — Jul 23, 2026
Honeywell Technologies Q2 FY26 — Strong Organic Growth and Raised Full-Year Outlook Post-Spin
Read the full callHoneywell Technologies (HON) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Honeywell Technologies earnings: last reported Thu, 23 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 9,719 | +4.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.1 | +0.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 5,682 | +261.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
34 of 41 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Johnson Matthey Catalyst Technologies acquisition close | Close the (amended) Johnson Matthey Catalyst Technologies acquisition by end of July 2026 | Mar 2026 | we closed the acquisition of Johnson Matthey's Catalyst Technologies business on July 17 | Achieved |
| Full-year adjusted EPS | $10.35-$10.65, up 6%-9% | Dec 2025 | full year adjusted earnings per share of $8.20 at the midpoint | Revised Up |
| Quarterly sales / organic growth | Up 3%-5% organic | Dec 2025 | Sales grew 2% organically | Missed |
7 of HONEYWELL INTERNATIONAL INC's 58 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 55 more targets are in the full ledger.
Claimed
- Organic sales grew 4% in Q2 FY26, driven by Building Automation and better-than-anticipated performance in Process Automation and Technology and Industrial Automation.
- Organic orders grew 16% in Q2 FY26, with broad-based demand across all segments, resulting in a 9% increase in ending backlog.
- Segment margin expanded 100 basis points to 19% in Q2 FY26, overcoming cost inflation and unfavorable mix through productivity and volume leverage.
- Adjusted earnings per share was $1.95 in Q2 FY26, up 10% year-over-year, driven by higher segment profit and lower net interest expense.
- Full-year organic sales growth outlook was raised to 3-4% from 2-3%, and full-year adjusted EPS outlook was raised to $8.20 at the midpoint from $8.10.
Qualified
- Process Automation Technologies aftermarket sales decreased 6% organically in Q2 FY26, primarily due to a tough prior year comparison from a large catalyst shipment in Q2 FY25.
- A higher adjusted effective tax rate drove a $0.16 headwind to adjusted EPS in Q2 FY26.
- Modest collection headwinds were experienced in pockets of the Middle East, though not material to overall results.
Price
$209.98 −0.68% · −$1.43
Performance +9.8% 1Y
1Y: $191.22 on 17 Oct 2025 → $209.98. High $248.79 (4 Aug 2026), low $188.14 (20 Nov 2025).
- Previous close
- $211.41
- 52-week range
- $188.14 – $248.79
- One year
- +8.18%
Overview
- Symbol
- HON
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
34 of 41 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Johnson Matthey Catalyst Technologies acquisition close | Close the (amended) Johnson Matthey Catalyst Technologies acquisition by end of July 2026 | Mar 2026 | we closed the acquisition of Johnson Matthey's Catalyst Technologies business on July 17 | Achieved |
| Full-year adjusted EPS | $10.35-$10.65, up 6%-9% | Dec 2025 | full year adjusted earnings per share of $8.20 at the midpoint | Revised Up |
| Quarterly sales / organic growth | Up 3%-5% organic | Dec 2025 | Sales grew 2% organically | Missed |
Claimed
- Organic sales grew 4% in Q2 FY26, driven by Building Automation and better-than-anticipated performance in Process Automation and Technology and Industrial Automation.
- Organic orders grew 16% in Q2 FY26, with broad-based demand across all segments, resulting in a 9% increase in ending backlog.
- Segment margin expanded 100 basis points to 19% in Q2 FY26, overcoming cost inflation and unfavorable mix through productivity and volume leverage.
- Adjusted earnings per share was $1.95 in Q2 FY26, up 10% year-over-year, driven by higher segment profit and lower net interest expense.
- Full-year organic sales growth outlook was raised to 3-4% from 2-3%, and full-year adjusted EPS outlook was raised to $8.20 at the midpoint from $8.10.
Qualified
- Process Automation Technologies aftermarket sales decreased 6% organically in Q2 FY26, primarily due to a tough prior year comparison from a large catalyst shipment in Q2 FY25.
- A higher adjusted effective tax rate drove a $0.16 headwind to adjusted EPS in Q2 FY26.
- Modest collection headwinds were experienced in pockets of the Middle East, though not material to overall results.
The full ledger
Open HONEYWELL INTERNATIONAL INC’s full ledger
A free account opens 5 company ledgers a month. All 58 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 23, 2026
Honeywell Q1 FY26 — Strong Orders and Margin Expansion Despite Geopolitical Headwinds
Read the full callDec 2025 (Q4 FY25) — Jan 29, 2026
Honeywell Q4 FY25 — Record Backlog and Accelerated Spin-Offs Drive Strong Outlook
Read the full callEvery analysed call
Honeywell Technologies earnings calls (HON)
Financials
What the filings say
Net profit, year on year: +262% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 8,819 | 9,169 | 8,925 | 9,322 | 9,437 | 9,758 | 9,143 | 9,719 |
| Operating profit | 2,296 | 2,110 | 2,002 | 2,128 | 2,407 | 1,096 | 2,129 | 2,240 |
| Operating margin | 26.0% | 23.0% | 22.4% | 22.8% | 25.5% | 11.2% | 23.3% | 23.1% |
| Interest | — | — | 285 | 329 | — | — | 356 | 363 |
| Profit before tax | 1,824 | 1,544 | 1,665 | 1,627 | 2,222 | -501 | 886 | 7,529 |
| Tax rate | 22.4% | 16.4% | 22.2% | 15.0% | 16.3% | 14.8% | 10.3% | 21.0% |
| Net profit | 1,413 | 1,285 | 1,449 | 1,570 | 1,825 | -115 | 821 | 5,682 |
| EPS ($ per share) | 2.17 | 1.98 | 2.24 | 4.92 | 2.87 | -0.18 | 1.29 | 17.92 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 958 | 958 | 958 | 958 | — | — | — | — |
| Reserves | 33,978 | 37,693 | 39,905 | 42,827 | 45,093 | 47,979 | 50,835 | 50,964 |
| Total liabilities | 39,415 | 39,973 | 46,796 | 45,228 | 44,956 | 45,091 | 56,042 | 58,651 |
| Fixed assets | 5,296 | 5,325 | 5,570 | 5,562 | 5,471 | 5,660 | 4,457 | 4,629 |
| Investments | 1,623 | 1,349 | 945 | 564 | 483 | 170 | 386 | 443 |
| Total assets | 57,773 | 58,679 | 64,586 | 64,470 | 62,275 | 61,525 | 75,196 | 73,681 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 6,434 | 6,897 | 6,208 | 6,038 | 5,274 | 5,340 | 6,097 | 6,408 |
| Cash from investing | 1,027 | -533 | -987 | -1,061 | -93 | -1,293 | -10,157 | -2,711 |
| Cash from financing | -5,032 | -6,600 | -81 | -8,254 | -6,330 | -5,763 | 6,839 | -1,953 |
| Net cash flow | 2,228 | -220 | 5,208 | -3,316 | -1,332 | -1,702 | 2,642 | 1,920 |
| Capital expenditure | -828 | -839 | -906 | -895 | -766 | -741 | -871 | -986 |
| Free cash flow | 5,606 | 6,058 | 5,302 | 5,143 | 4,508 | 4,599 | 5,226 | 5,422 |
HON revenue by segment
Industrial Automation shrank from 26% to 15% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Aerospace | — | — | — | — | — | — | — | 47% | — |
| Building Automation | 18% | 18% | 17% | 18% | 18% | 29% | 21% | 21% | +9.6% |
| Process Automation and Technology | — | — | — | — | — | — | 17% | 17% | — |
| Industrial Automation | 26% | 25% | 24% | 23% | 22% | 35% | 16% | 15% | -36.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
HON operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Backlog | $35.3BHoneywell's backlog reached a record level of $35.3 billion in the quarter, growing 11% year-over-year.Source: earnings call transcript | $36.1BOrders were $10.6 billion in the quarter, up 3% year-over-year, excluding the effect of acquisitions, both supported by organic backlog growth of 8% to a new record of $36.1 billion.Source: earnings call transcript | — | $37B+Honeywell delivered a strong fourth quarter to close 2025, exceeding our expectations for both adjusted sales and adjusted EPS with orders up 23%, driving our backlog to over $37 billion.Source: earnings call transcript | $38B+Including the orders growth in Aerospace, we drove backlog to over $38 billion with book-to-bill above 1.1.Source: earnings call transcript | — |
| Orders | — | $10.6BOrders were $10.6 billion in the quarter, up 3% year-over-year, excluding the effect of acquisitions, both supported by organic backlog growth of 8% to a new record of $36.1 billion.Source: earnings call transcript | $11.9BOrders grew 22% organically from the previous year to $11.9 billion.Source: earnings call transcript | — | — | +12.3% |
| Book-to-bill ratio Aerospace Technologies | — | 1.1 ratioAerospace industry demand continues to outpace supplies, supporting our orders growth of 9% and a book-to-bill of 1.1.Source: earnings call transcript | 1.2 ratioOrders momentum continued with strong double-digit orders growth across all 3 end markets and book-to-bill of 1.2x.Source: earnings call transcript | — | 1.1 ratioWe continue to see strong Aerospace demand across commercial OE, commercial aftermarket and defense space, which is driving sustained orders growth of 28% over the last 12-months, which drove roughly $19 billion Aerospace backlog, a 20% increase from the prior year and 1.1 book-to-bill in the first quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
120 filings between Oct 28, 2025 and Aug 3, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$10.66M
16 sales by 5 insiders
Compensation
not trading decisions- 5
- Award — granted as compensation
- 59
- Option exercise — converted options into shares
- 40
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| West Kenneth J | — | $4.44M | Aug 3, 2026 |
| Mailloux Robert D. | — | $3.68M | Feb 6, 2026 |
| Lieblein Grace | — | $1.43M | Feb 23, 2026 |
| DAVIS D SCOTT | — | $568.1K | Feb 19, 2026 |
| Currier James E | — | $547.7K | Mar 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 3, 2026 | West Kenneth J Pres/CEO Process Technologies | Sale | 316 | $77.6K |
| Aug 1, 2026 | Stepniak Michal SrVP & Chief Financial Officer | Tax withheld | 175 | $42.4K |
| Aug 1, 2026 | Reilly Jennifer J SVP and CHRO | Tax withheld | 325 | $78.7K |
| Aug 1, 2026 | Lu Su Ping SrVP, General Counsel, CorpSec | Option exercise | 382 | — |
| Aug 1, 2026 | Lu Su Ping SrVP, General Counsel, CorpSec | Tax withheld | 167 | $40.4K |
| Aug 1, 2026 | Stepniak Michal SrVP & Chief Financial Officer | Option exercise | 401 | — |
| Aug 1, 2026 | Reilly Jennifer J SVP and CHRO | Option exercise | 747 | — |
| Jul 30, 2026 | Stepniak Michal SrVP & Chief Financial Officer | Tax withheld | 263 | $63.1K |
| Jul 30, 2026 | Lu Su Ping SrVP, General Counsel, CorpSec | Option exercise | 471 | — |
| Jul 30, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 403 | — |
| Jul 30, 2026 | Stepniak Michal SrVP & Chief Financial Officer | Option exercise | 604 | — |
| Jul 30, 2026 | West Kenneth J Pres/CEO Process Technologies | Tax withheld | 215 | $51.6K |
| Jul 30, 2026 | Lu Su Ping SrVP, General Counsel, CorpSec | Tax withheld | 205 | $49.2K |
| Jul 28, 2026 | Kapur Vimal Chief Executive Officer | Tax withheld | 131 | $32.6K |
| Jul 28, 2026 | Hammoud Billal Pres/CEO Building Automation | Tax withheld | 158 | $39.3K |
| Jul 28, 2026 | Hammoud Billal Pres/CEO Building Automation | Option exercise | 349 | — |
| Jul 28, 2026 | Kapur Vimal Chief Executive Officer | Option exercise | 300 | — |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 2,667 | $504.1K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Sale | 1,623 | $395.6K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 1,531 | $296.7K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 7,161 | $1.44M |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Sale | 2,667 | $650.1K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 1,623 | $325.6K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Sale | 1,731 | $422.0K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 1,731 | $321.6K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Sale | 7,161 | $1.75M |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 2,319 | $420.6K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Sale | 2,319 | $565.3K |
| Jul 27, 2026 | West Kenneth J Pres/CEO Process Technologies | Sale | 1,531 | $373.2K |
| Jul 16, 2026 | Kapur Vimal Chief Executive Officer | Tax withheld | 1,343 | $321.8K |
| Jul 16, 2026 | Kapur Vimal Chief Executive Officer | Option exercise | 3,090 | — |
| Jul 16, 2026 | Masso James Pres/CEO, Process Automation | Tax withheld | 620 | $138.9K |
| Jul 16, 2026 | Masso James Pres/CEO, Process Automation | Option exercise | 1,879 | — |
| Jul 16, 2026 | Lu Su Ping SrVP, General Counsel, CorpSec | Option exercise | 1,958 | — |
| Jul 16, 2026 | Stepniak Michal SrVP & Chief Financial Officer | Tax withheld | 1,124 | $269.3K |
| Jul 16, 2026 | Stepniak Michal SrVP & Chief Financial Officer | Option exercise | 2,575 | — |
| Jul 16, 2026 | West Kenneth J Pres/CEO Process Technologies | Tax withheld | 549 | $131.5K |
| Jul 16, 2026 | West Kenneth J Pres/CEO Process Technologies | Option exercise | 1,030 | — |
| Jul 16, 2026 | Hammoud Billal Pres/CEO Building Automation | Tax withheld | 465 | $111.4K |
| Jul 16, 2026 | Hammoud Billal Pres/CEO Building Automation | Option exercise | 1,030 | — |
| Jul 16, 2026 | Lu Su Ping SrVP, General Counsel, CorpSec | Tax withheld | 854 | $204.6K |
| Jun 1, 2026 | Kapur Vimal Chief Executive Officer | Tax withheld | 868 | $204.0K |
| Jun 1, 2026 | Kapur Vimal Chief Executive Officer | Option exercise | 1,997 | — |
| Apr 24, 2026 | Hammoud Billal Pres/CEO Building Automation | Tax withheld | 213 | $45.2K |
| Apr 24, 2026 | Hammoud Billal Pres/CEO Building Automation | Option exercise | 471 | — |
| Apr 15, 2026 | Watson Robin Director | Tax withheld | 188 | $43.4K |
| Apr 15, 2026 | Watson Robin Director | Option exercise | 625 | $144.3K |
| Apr 15, 2026 | BURKE KEVIN Director | Option exercise | 625 | $144.3K |
| Apr 15, 2026 | LAMACH MICHAEL W Director | Option exercise | 625 | $144.3K |
| Apr 15, 2026 | AYER WILLIAM S Director | Option exercise | 625 | $144.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for HONEYWELL INTERNATIONAL INC
Free account. Everything above stays public.
Write why you follow HONEYWELL INTERNATIONAL INC and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading